Sensex sheds 691 points, Nifty falls below 22,600 on rising crude prices, FPI concerns
Heavy IT selling and higher crude prices dragged Indian benchmarks lower as investors awaited the U.S. Federal Reserve's policy guidance.
- Indian equity markets opened sharply lower on Wednesday, October 28, 2026, with the BSE Sensex falling nearly 700 points and the NSE Nifty slipping below 22,600 amid broad-based selling pressure.
- Rising crude oil prices and persistent foreign portfolio investor selling weighed on sentiment as investors tracked geopolitical risks and the U.S. Federal Reserve's policy meeting scheduled for later that day.
- Information technology stocks faced heavy selling pressure, with the Nifty IT index declining 3.77% and major companies Infosys, Tech Mahindra, and HCL Technologies each plummeting 3–4% in early trade.
- V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, warned that "Brent crude remaining above $114 and the U.S. 10-year bond yield hovering around 4.97% continue to be near-term headwinds for the market."
- Investors await the U.S. Federal Open Market Committee's policy guidance for signals on future interest-rate trajectories, as any shift in the Fed's outlook could influence Treasury yields and emerging-market capital flows.
45 Articles
45 Articles
D-St set for a negative opening as GIFT Nifty signals weak start
Benchmark Nifty experienced a marginal decline after recovering from a significant low during the trading session. Analysts believe Indian equities may remain range-bound. The rupee weakened against the US dollar due to rising crude oil prices and a strengthening dollar. Foreign portfolio investors were net buyers on Wednesday, with significant purchases noted.
Sensex declines 353 points dragged by Reliance, IT stocks, rising crude oil prices
Stock market: Benchmark indices Sensex and Nifty ended lower in Mumbai on Wednesday, pressured by heavy losses in Reliance Industries, IT shares, rising crude oil prices and caution ahead of the US Federal Reserve decision.
Sensex declines 353 points dragged by Reliance, IT stocks, rising crude oil prices - The Tribune
Market benchmark indices Sensex and Nifty ended lower on Wednesday, dragged by Reliance Industries, IT companies, rising crude oil prices and caution ahead of the US Federal Reserve’s policy decision.
Coverage Details
Bias Distribution
- 58% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
